Lot 61: FREEHOLD MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT IN DESIRABLE LOCATION

Sold £240,000

This substantial corner property is situated on Albion Street in the desirable part of Broadstairs close to the town centre and a short walk from the sea front.

The building is arranged as a ground floor café with two self-contained flats above. The property is considered ideal for continued investment.

Veg ‘n Out Café

Ground Floor

Seating area, servery and commercial kitchen.

Lower Ground Floor

Large preparation area and W.C.

Tenancy

Let on a 10 year Commercial Lease, from 22nd November 2019, at a current rental of £9,000 per annum. Further information will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Ground Floor

Separate rear access via Dickens Walk leading to two self-contained flats.

Flat 1

First Floor

Tenure

Sold on a 99 year lease from 24th October 1986.

Flat 2

Second Floor

Entrance hall, kitchen, living room, two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £600 per calendar month. Further information will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are required not to contact the tenant directly.

Residential EPC: D
Commercial EPC: D